Proactive Investors - Run By Investors For Investors

Sopheon upgrades expectations again

Revenues will be in excess of US$33mln, up 16% and added to lower costs EBITDA and pre-tax profits will be significantly ahead of the upgraded market expectations. The year-end net cash position is expected to be $16.7mln (2017: US$9.5mln).
computer
Helping businesses run better

Enterprise software specialist Sopheon PLC (LON:SPE) has again upgraded its profit expectations for 2018.

Revenues will be in excess of US$33m, up 16% and added to lower costs  EBITDA and pre-tax profits will be significantly ahead of the upgraded market expectations.

The year-end net cash position is expected to be $16.7m (2017: $9.5m).

Recurring revenue has risen to $14.7mln coming into 2019, compared to $12m the year before.

Shares have tripled over the past year to 1,270p.

View full SPE profile View Profile

Sopheon Timeline

Newswire
January 29 2019
Newswire
January 11 2019

Related Articles

US dollars
January 14 2019
The growing company’s share price gained 90% last week on news of the cash injection.
scientist in laboratory
March 07 2019
In a January update, Instem said trading had been in-line with expectations, helped by a 500% rise in orders for its SEND platform
.com domain
April 08 2019
Minds & Machines full-year 2018 results showed an ‘exceptionally strong’ start to the current year, with recurring revenues now accounting for the majority of income

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use